Rail giant refuses to pay $12.3M ransom after cyberattack - Business Insurance

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Rail giant refuses to pay $12.3M ransom after cyberattack - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Rail giant refuses to pay $12.3M ransom after cyberattack Jul 23, 2026 Swiss train manufacturer Stadler Rail AG announced it will not pay the Everest ransomware gang’s demand for 10 million Swiss francs ($12 million) after the group breached a data exchange platform shared with a supplier, BleepingComputer reported. According to the company’s disclosure, the mid-July breach exposed only technical information and did not affect production operations. Read more Related News First-half global insured cat losses down 50%: Aon July 23, 2026 Rail giant refuses to pay $12.3M ransom after cyberattack July 23, 2026 Sompo to acquire Brazilian insurer July 23, 2026 RenRe’s profit falls despite improved combined ratio July 23, 2026 Asian insurers face earnings challenges July 23, 2026 Albanian insurers’ premiums edge higher July 23, 2026 Commercial insurance rates fell 6% in second quarter: Marsh July 23, 2026 State high court rejects insurers’ coverage denial in sex trafficking case July 22, 2026 Global insured cat losses fall 56% in first half: Aon July 22, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.

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